FY 2025-26. As the new financial year begins, many new income tax laws take effect. It is important to take note of these new ...

With the start of the new financial year, many income tax changes will take effect; understanding the latest income tax slabs ...

Income Tax Department issues notices to taxpayers not deducting TDS on rent over ₹50,000, leading to penalties.

As a salaried individual with no income from a business or profession, it is important to select the appropriate form for filing your income tax return. The two options available to you are ITR-1 ...

If the immovable property is partly financed by Bank/Lender, the TDS will be required to be deducted by the transferee on the ...

Federal income taxes are based on the individual's income and filing status ... Form 1040-SR is an optional version of the tax return for those who are 65 and older. This single form is all ...

Pune ruled that while Form 67 was filed late, it was available with CPC at the time of processing the return. The tribunal held that filing Form 67 within the due date is a procedural requirement ...

Federal income tax is a necessary evil, but residents in a few parts of the country don't have to pay state income taxes. Eight U.S. states don't impose any kind of income tax and one only taxes ...

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You can claim your dependent child’s unearned income on your tax return if you qualify according to certain rules. Tax Filing Requirements for Children An unmarried individual who’s another ...

ITR-U Filing Deadline on March 31: The Income Tax (I-T) Department has asked taxpayers to file an updated income tax return (ITR-U) before its deadline of March 31 ... it due to some unreported income ...